Number of banks reached 5.00 banks in 2019 in East Timor, according to the National Central Bank. This is the same as in the previous year.
Historically, number of banks in East Timor reached an all time high of 5.00 banks in 2017 and an all time low of banks in. When compared to East Timor's main peers, number of banks in Indonesia amounted to 110 banks and 42.0 banks in Malaysia in 2019.
East Timor has been ranked 136th within the group of 140 countries we follow in terms of number of banks, 33 places above the position seen 10 years ago.